Do Investors Get The Same Tax Forgiveness as Primary Residence Homeowners? The investor does not have the same right to tax forgiveness that owners of their primary residence. That means that if you sell your investment property as a short sale, you … [Read more...]
Real Estate News - Daytona Beach
Real Estate News from Daytona Beach, Florida and the USA
Foreclosure and Delinquency Rates Rise
November 20, 2009 by Leave a Comment
The Foreclosure Wave is Nowhere Close to Ending A new record high of homeowners delinquent on the mortgage or foreclosure was reached in the third quarter. Rising unemployment and balloon and teaser rate mortgages coming due through 2011 means that … [Read more...]
First Half 2009 Daytona Beach Homes Sales Strong in Some Segments
August 2, 2009 by Leave a Comment
First Half 2009 Daytona Beach Home Sales Up 1735 Daytona Beach homes and condos were sold in the first half of this year. That's up from 1433 in the first half of 2008's for a 21% improvement. What's interesting is to see where the sales are coming … [Read more...]
Short Sale Survey Facts
May 13, 2009 by 2 Comments
New Survey Gives Banks Low Marks for Short Sale Process Arthur Delaney at huffingtonpost.com, wrote an article titled Short Sales: How Everybody Loses From Banks' Opposition. The article cites a survey conducted by Campbell Communications that may be … [Read more...]
